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261 N Elder Ave; Indianapolis, IN Property Details

261 N Elder Ave, Indianapolis, IN is a Single Family that was built in 1935. This property is currently a cash purchase and is not for sale. Our records show that 261 N Elder Ave has 3 bedrooms, and a total of 1,224 square feet. The lot size of 261 N Elder Ave is 4,182 square feet.

Off market
261 N Elder Ave Indianapolis, IN 46222
$73,200 Estimated Value
3 Beds
1,224 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1935
  • Purchase Price: $23,000
  • Est. Equity / %: $146,000 / 100%
  • Gross Yield: 8.318%
  • APN: 49-11-03-119-028.000-101
  • Situs County: Marion
  • Length Of Ownership: 9 years, 5 months

Rooms

  • Bedrooms: 3
  • Total Rooms: 6

Structure

  • Building Style: Frame
  • Stories: 1
  • Building Condition: Fair
  • Building Quality: D
  • Roof Cover Type: Asphalt
  • Sewer Type: Yes
  • Water Source: Yes

Measurements

  • Total: 1,224/SqFt
  • Lot: 4,182/SqFt
  • Gross: 1,416/SqFt
  • Garage: 480/SqFt
  • Living: 1,224/SqFt
  • Basement: 192/SqFt
  • Building: 1,416/SqFt
  • Ground: 904/SqFt
  • Price Per Square Foot: $18.79

Legal Description

  • Description: STOUTS NEW YORK ST L662
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Indianapolis Public Schools
  • Lat / Lon: 39.77074 / -86.19354
  • Subdivision: Stouts New York St
  • Property Class: Residential
  • Zoning: ZO01
  • County Use Code: 510

Amenities

  • Plus Four: 4327
  • Cooling: Central
  • Garage: Detached Garage
  • Heating: Central
  • Parking: 2

Ownership Info

261 N Elder Ave has no associated ownership info
261 N Elder Ave has no associated ownership info.

Taxes

261 N Elder Ave has 10 associated Taxes items

261 N Elder Ave, Indianapolis, IN pays taxes in Marion County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $73,200. The APN we've located for 261 N Elder Ave is 49-11-03-119-028.000-101.

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Taxes
  • Assessed Value:  $73,200
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-11-03-119-028.000-101
  • Assessed Land Value:  3000
  • Market Land Value:  3000
  • Tax Amount:  1407.18
  • Tax Year:  2024
  • Market Value:  73200
  • Market Year:  2025

Tax History

261 N Elder Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $73,200 Land Value $3,000 Improvement Value $70,200 Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $1,407.18 Change Rate -0.058365% Assessed CR Tax Rate
Year 2023 Assessed Value $59,300 Land Value $3,000 Improvement Value $56,300 Tax Amount $1,494.4 Change Rate -0.034276% Assessed CR Tax Rate +0.025201%
Year 2022 Assessed Value $61,900 Land Value $3,000 Improvement Value $58,900 Tax Amount $1,547.44 Change Rate +0.654238% Assessed CR Tax Rate +0.024999%
Year 2021 Assessed Value $36,900 Land Value $3,000 Improvement Value $33,900 Tax Amount $935.44 Change Rate +0.177691% Assessed CR Tax Rate +0.025351%
Year 2020 Assessed Value $34,300 Land Value $3,000 Improvement Value $31,300 Tax Amount $794.3 Change Rate +0.02266% Assessed CR Tax Rate +0.023157%
Year 2019 Assessed Value $32,900 Land Value $3,000 Improvement Value $29,900 Tax Amount $776.7 Change Rate -0.130761% Assessed CR Tax Rate +0.023608%
Year 2018 Assessed Value $34,200 Land Value $3,000 Improvement Value $31,200 Tax Amount $893.54 Change Rate +3.464129% Assessed CR Tax Rate +0.026127%
Year 2017 Assessed Value $5,800 Land Value $3,000 Improvement Value $2,800 Tax Amount $200.16 Change Rate +0.594392% Assessed CR Tax Rate +0.03451%
Year 2016 Assessed Value $5,800 Land Value $3,000 Improvement Value $2,800 Tax Amount $125.54 Change Rate +0.036835% Assessed CR Tax Rate +0.021645%
Year 2014 Assessed Value $5,600 Land Value $3,000 Improvement Value $2,600 Tax Amount $121.08 Change Rate +0.098929% Assessed CR Tax Rate +0.021621%
Year 2013 Assessed Value $5,300 Land Value $3,000 Improvement Value $2,300 Tax Amount $110.18 Change Rate Assessed CR Tax Rate +0.020789%